Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 37.3 yrs |
|---|---|
| Avg HH Size | 2.88 |
| Below Poverty | 3.1% ▼ 69% below avg |
| College Grads | 66.8% ▲ 72% above avg |
| Unemployment | 2.5% ▼ 49% below avg |
| No HS Diploma | 248 (0.6%) |
| HS Graduate | 5,718 (14.3%) |
| Some College | 2,771 (6.9%) |
| Associates | 4,566 (11.4%) |
| Bachelors | 5,065 (12.7%) |
| Graduate Degree | 21,638 (54.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $140,612 ▲ 84% above avg |
|---|---|
| Median Home Value | $464,500 ▲ 67% above avg |
| Home/Income Ratio | 3.3x (nat avg ~3.5x) |
| Median Rent | $1,730/mo |
| Total Housing Units | 22,519 |
| Vacant Units | 628 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Lakeville is a city in Minnesota, located in Dakota County. The city spans 1 ZIP code and is home to approximately 63,280 residents. It is a relatively young city, with a median age of 37.3 years.
Economically, Lakeville is a upper-middle-income community. The median household income of $140,612 is significantly above the national average. Approximately 3.1% of residents live below the poverty line. The unemployment rate is 2.5%, below the national average.
The real estate market in Lakeville is a premium housing market. Median home values stand at $464,500, which is significantly above the national average. Renters typically pay around $1,730 per month. Homeownership is high at 87.8%, typical of suburban and family-oriented communities.
The population of Lakeville is highly educated. 66.8% of adults hold a bachelor's degree or higher — significantly above the national average. The community is primarily White (79.84%).
Lakeville, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55044 | 63,280 | $140,612 | $464,500 | $1,730 | 2.5% | 66.8% | 87.8% |